Yesterday, the market changed the trading rhythm from the previous weekend, with Bitcoin and Ethereum both experiencing significant growth, forming a price surge in the middle of the night. After accumulating throughout the day, there was another strong surge in the evening, overall showing an upward price trend in waves. Currently, Bitcoin has reached a high of 81600, once again setting a new historical record.
In terms of technical structure, it is currently still in the breakout and continuation phase of the week, with momentum still strong and no clear reversal signals, primarily maintaining continuation signals from the center. Moreover, due to the weekly candle closing too full, one only needs to maintain an optimistic view during the day. Looking at the daily level, prices have consecutively closed bullish candles for five days, with support levels continuously rising, the market maintains an upward trend, all moving averages show an upward trend, overall the rhythm still leans towards bullishness, and the market does not show too many adjustment opportunities, during this strong phase it is not appropriate to talk about peaks, and one should continue to maintain a buy-low mindset during the day.
Bitcoin: 79600-79300 target 81500-82000
